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With the US entering the ring, even if only for half a round, risk is back on as rumours are circulating that the Swiss National Bank might raise the floor on the EURCHF. The 1.20 floor inserted in early September has so far proved effective with the EURCHF currently hovering Read More Euro Comeback on [...]

With rumors swirling that the Swiss National Bank would be making an important announcement at 4PM GMT, market participants sold Swiss franc and bought euro, and pretty much every other currency against the franc, on speculation that the announcement could be that the SNB will raise the EUR/CHF floor to Read More CHF Losses Ease [...]

With everything that is going in Europe it’s been easy to forget the UK. However, on Tuesday Chancellor George Osborne will present his annual Autumn Budget statement. This is usually just an update on growth forecasts, however the pressure is on the Chancellor this time round as growth slows and Read More UK Will George [...]

Two developments today regarding banks and bondholders "private sector involvement" or PSI. First, it seems that Greece will be driving a hard bargain against bondholders as they engage in direct negotiations, including methods that force those not "voluntary" participating to also face write-downs. Usually, larger writedown and concerns about a Read More Greece Bargains with [...]